Time to reach into the Fast Money mailbag and answer more of your questions. Allen writes, “When you see charts for China Finance Online (JRJC), China BAK Battery (CBAK) and even Baidu.com (BIDU), does "exuberance" or "bubble" come to mind?
Allen from Texas
Allen writes, “When you see charts for China Finance Online (JRJC), China BAK Battery (CBAK) and even Baidu.com (BIDU), does "exuberance" or "bubble" come to mind?
Jeff Macke says neither bubble nor exuberance. He recommends Allen pursue any of these names with a buying strategy and exit plan.
Phil from Tennessee
Phil writes, “Can you give us some insight into what Garmin's (GRMN) recent volume is telegraphing? It’s 7 times the average volume to the downside when the NAVTEQ (NVT) deal was announced Monday.”
Karen Finerman explains that NAVTEQ makes GPS software and Garmin makes GPS hardware. She sees two issues.
1) She says the valuation on NVT suggests that Garmin is ahead of itself.
2) Finerman feels it’s problematic for Garmin to have somebody else buy the software they need to make their product.
As a trade, Finerman likes NVT and because she thinks GRMN might need to buy it.
Simon from Oregon
Simon writes, “I have all the “new moon” & “full moon” dates on my watch board which I use in combination with various charting techniques. The theory is to buy on a “full moon” & sell on a “new moon.” What do you think?”
Pete Najarian says to the panel, "Are you kidding me?!" Different strokes for different folks!
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Trader disclosure: On Oct 3, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (DIS), (HAS), (INTC); Macke Owned (DIS) And (HAS) On 9/10/07; Najarian Owns (BIDU); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman Is Short (WYNN); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (ASD), (BWS), (NYX),(NMX), (BEAS), (PSS), (NVT); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts